ValuationDepreciationMEDIUM
Functional obsolescence example:
Correct Answer
B) 4 bedrooms, 1 bathroom
Outdated/inadequate features within the property.
Answer Options
A
Leaking roofB
4 bedrooms, 1 bathroomC
Near airportD
Worn carpetWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Valuation Question
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Background Knowledge for Valuation
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Real World Application in Valuation
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Related Topics & Key Terms
Related Topics:
curable-functionalmarket-expectations
Key Terms:
functional4BR/1BAdesign flaw
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More Valuation Questions
The appraisal principle of substitution states that:
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Highest and best use means the use that is:
In the sales comparison approach, adjustments are always made to the:
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